Thursday, February 9Elite News ---- For Adverts or Story call: 0788166280 | 0705145487-----
Shadow

Tag: Hongai Ltd

Anti-Corruption Court Bites Hard in Landmark Ruling On VAT Fraud, Slaps  Businessman With Shs1.4Bn Fine

Anti-Corruption Court Bites Hard in Landmark Ruling On VAT Fraud, Slaps Businessman With Shs1.4Bn Fine

FEATURED, NEWS
By Keefa Nuwahereza The Anti-Corruption Court on Friday convicted Leonard Alikiriza, the Managing Director of Nyaks & Lenny Enterprises Ltd and Leds (U) Ltd, on 6 accounts of making false and misleading statements to a Tax Officer, contrary to section 58 (1) (a) of the Tax Procedures Code Act, 2014 causing a tax loss of Shs497,397,982 in respect of LEDS (U) LTD and Shs1,980,032,566 in respect of Nyaks & Lenny Enterprises Ltd. Alikiriza was jointly charged with Musisi Majidu, an agent of Xing Dongmin and Hongai on two accounts of conspiracy to commit a felony contrary to section 390 of the Penal Code Act Cap 120. The accused were however acquitted on the charge of conspiracy. This was a VAT fraud case which involved transactions between the accused person’s companies (Xing...
WP2Social Auto Publish Powered By : XYZScripts.com